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Dairy Today: Dollars in the Details In the two embattled proposals for federal dairy legislation, what’s left out can be as important as what’s still there in black and white. When it comes to loan documents, warranties, insurance policies and just about any other legally binding piece of paper, ignoring the fine print is done so at your peril. In the case of re-introduced federal dairy legislation, reading the fine print is the easy part. You actually have to go back and compare what was in the original proposal to what is being proposed currently. What’s left out can be as important as what’s still in front of you in black and white.
Such is the case with the Goodlatte-Scott amendment, known as the Dairy Freedom Act, re-introduced to the House of Representatives April 25. In the original version, dairy farmers could sign up for margin insurance only at the beginning of program. Once they did, their production base was fixed for the life of the program. The new version simply eliminates Section (e) (1), thus allowing farmers to change coverage and update production history each year. more...
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Goodlatte Scott offer bi-partisan, compromise alternative Dairy Freedom Act Reps. Bob Goodlatte, R-Va., and David Scott, D.-Ga., have introduced the Dairy Freedom Act, calling it a compromise on dairy policy.
Like the Dairy Security Act offered by Rep Collin Peterson, D-Minn., and passed by full Senate and the House Ag Committee last year, the bill offers a margin insurance plan for dairy producers to reduce catastrophic losses. But it does so without a milk supply-management element.
While there's widespread agreement federal policy needs to be reformed to provide a viable safety net for producers, the Dairy Security Act's supply-management component is subject to debate.
"A supply-control program puts federal government bureaucrats in the middle of dairy decisions by manipulating dairy prices, instituting production quotas and penalizing consumers," Goodlatte and Scott said in a joint statement on Thursday. more...
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